LocalBitcoinCash Drops Support For BTC And LTC

LocalBitcoinCash Drops Support For BTC And LTC

Posted ByContributor

Date27/03/2018

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Today we announce that we will no longer be supporting both BTC and LTC on our platform. The reason for not supporting BTC is due to the high fees. Unfortunately, we’re losing money on every transaction for BTC and without passing the high fees to the consumer, we’re not able to continue sustainably. We’re a project that is running on extremely low margins and therefore we decided that we will no longer be supporting BTC.

As for LTC, we’re really disappointed that Charlie Lee, who was the head of LTC, decided to pump scams such as LitePay and LitePal. We believe this is extremely unethical and harmful to the crypto space. After some serious considerations, we have decided to distance ourselves from scams that LTC leaders such as Charlie Lee was pushing to the victims. This is not the first time Charlie Lee was caught lying to people and creating harm to the crypto space and the victims so it wasn’t an option we took lightly.

All BTC/LTC funds are safe and open for withdrawals but we will be closing the deposits and trading for them with immediate effect.